Brett Ratner has long been known for his on screen explosions, but the bomb he set off at the Oscars is turning out to be his most destructive act yet -- and the latest collateral damage is Eddie Murphy.

According to The Wrap, Murphy has decided to withdraw as the host of the Oscars following Ratner's resignation as producer yesterday. No word yet on who will be replacing either of them.

Murphy and Ratner, of course, recently teamed up for the Ben Stiller comedy "Tower Heist," which debuted last weekend with a strong box office performance. So when Ratner was tapped to produce next February's Oscars in the Academy's annual attempt to make the show interesting, he naturally turned to Murphy to host.

"I completely understand and support each party's decision with regard to a change of producers for this year's Academy Awards ceremony," Murphy said in a statement. "I was truly looking forward to being a part of the show that our production team and writers were just starting to develop, but I'm sure that the new production team and host will do an equally great job."

The 83rd Academy Awards are set to air live on ABC on Sunday, February 26.